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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Higher oil prices means higher prices at the pump.
Higher prices at the pump means a potential hike in inflation.
With a risk of higher inflation (almost nailed on), this will unsettle the Bank of England.
The UK interest rate decision is on Thursday 19th March where a cut was almost certain....until the last week.
Now the tide has turned to an expectation of a rate hold.
What does that mean? Turmoil in the mortgage market with fixed rates being hiked and existing deals being pulled by lenders.
Traders will be taking the US rate decision on Wednesday 18th March as a bead on the BoE.
The effect on currency rates? Great for the Pound and not so great for the Euro and the Dollar so far.
GBP/EUR is on rampant form pushing towards February highs and GBP/USD back to month highs.
Markets are adopting a risk averse posture which is to be expected in the current conditions.
US: Wednesday 18th March 18:00 FED Interest Rate Decision
UK: Thursday 19th March 12:00 BoE Interest Rate Decision
UK: Thursday 19th March 12:00 MPC Vote Count
As ever we look forward to keeping you in the loop and look out for our next update.
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